Many banks have established a “Trade Services, Limited” Company in Hong Kong to re-issue letters of credit in the Asian marketplace. But what happens if your letter of credit bears Incoterms® rules such as EXW or DDP in which the instrument does not require presentation of transport documents? Can the issuer and the re-issuer resolve their differences over the required documents and the LC’s structure? Find out in the next exciting adventure of Hong Kong Phooey!